by Ben Whedon
A five-judge panel of a New York appellate court on Thursday found that a $515 million fraud judgment against President Donald Trump was unconstitutional and violated the Eighth Amendment’s prohibitions on excessive fines.
Judge Arthur Engoron originally imposed a $355 million penalty as part of New York Attorney General Letitia James’s civil fraud case against the then-presidential candidate. Other interest assessments, led the figure to balloon to more than half of $1 billion by August, Newsmax reported.
James accused Trump of manipulating the value of his assets to secure favorable loan terms and lower insurance premiums. The president has denied any wrongdoing, though Engoron ruled for James in the bench trial.
The decision is a major win for Trump, who has largely fended off the myriad legal cases brought against him in the lead-up to the 2024 presidential election, save for Manhattan District Attorney Alvin Bragg’s case over his falsification of business records.
– – –
Ben Whedon is a reporter for Just the News.
The post Appeals Court Tosses $515 Million Fraud Judgment Against Trump in New York Fraud Case first appeared on The Arizona Sun Times.
Click this link for the original source of this article.
Author: Just the News
This content is courtesy of, and owned and copyrighted by, https://arizonasuntimes.com and its author. This content is made available by use of the public RSS feed offered by the host site and is used for educational purposes only. If you are the author or represent the host site and would like this content removed now and in the future, please contact USSANews.com using the email address in the Contact page found in the website menu.
